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Kitwave Group PLC ( (GB:KITW) ) has issued an announcement.
Kitwave Group PLC has announced a change in its major holdings, with Liontrust Investment Partners LLP reducing its voting rights from 9.653% to 5.702%. This shift in voting rights could impact Kitwave’s strategic decisions and influence within the market, as Liontrust’s reduced stake may alter the dynamics of shareholder influence and decision-making processes.
The most recent analyst rating on (GB:KITW) stock is a Buy with a £420.00 price target. To see the full list of analyst forecasts on Kitwave Group PLC stock, see the GB:KITW Stock Forecast page.
Spark’s Take on GB:KITW Stock
According to Spark, TipRanks’ AI Analyst, GB:KITW is a Neutral.
Kitwave Group’s overall stock score reflects strong valuation metrics and positive corporate events, offset by weak technical indicators and concerns over financial performance due to declining net income and rising debt. The undervaluation and high dividend yield are significant positives.
To see Spark’s full report on GB:KITW stock, click here.
More about Kitwave Group PLC
Kitwave Group PLC is a UK-based company operating in the wholesale distribution industry, providing a range of products including groceries, confectionery, tobacco, and beverages to independent retailers and businesses across the UK.
Average Trading Volume: 402,930
Technical Sentiment Signal: Sell
Current Market Cap: £212.7M
Find detailed analytics on KITW stock on TipRanks’ Stock Analysis page.